Uber
Uber officially sets price of its IPO at $45 per share, raises $8.1 billion
2 min read
Uber has priced its initial public offering (IPO) on Thursday at $45 per share, near the bottom of its expected price range. The ride-hailing company…
Uber secures a billion dollar investment for its self-driving unit
3 min read
Having already filed for an initial public offering (IPO) a week ago, Uber Technologies Inc. has now taken yet another massive step by obtaining a…
Uber is selling $10 billion worth of stock in IPO, report
2 min read
The ride-hailing service Uber technologies are planning to sell around $10 billion worth of stock in its initial public offering (IPO), according to a report…
Uber puts a larger fare if it knows you will pay
2 min read
The surge pricing on the popular ride-hailing service is not as simple as some people might have thought. According to a new report from Forbes,…
Almost 300 Careem employees will become millionaires as a result of Uber acquisition
2 min read
Almost 300 employees of Careem will become millionaires, after Uber acquired the Middle Eastern ride-sharing company. 200 of these employees will become Dirham millionaires, whereas…
How Mudassir Sheikha, a Pakistani entrepreneur built the first unicorn in the Middle East
5 min read
Careem has announced its $3.1 billion acquisition by Uber, the largest technology sector acquisition in the Middle East. Rumours of the said acquisition have been…
Pakistan is one of our fastest-growing markets in the world, Uber CEO
2 min read
Uber’s CEO Dara Khosrowshahi had sent an email to the company’s whole staff around its acquisition of Careem – Middle East’s ride-hailing service. The CEO…
It is official: Uber is acquiring Careem for $3.1 billion
3 min read
Uber and Careem have reached an agreement for Uber to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion…
This is how people are reacting to Careem’s acquisition news on social media
3 min read
Uber is expected to acquire Careem in a $3.1 billion deal and this acquisition is said to be made official early next week. If this…
Uber to acquire Careem for 3.1 billion dollars
2 min read
The conversations surrounding the acquisition of Careem by Uber are close to reaching a conclusion as Bloomberg reports that the acquisition is expected to be…
Karachi Airport authorities ban Uber & Careem from entering parking area
2 min read
Jinnah International Airport has prohibited the entry of Uber and Careem ride-hailing services into the airport’s premises. According to the airport’s revised policy, any car…
Uber reportedly in talks to buy Careem
2 min read
Uber Technologies Inc. — the San Francisco based tech company which is popular for its ride-hailing business, is in advanced talks to buy its Middle…
Sindh Government is all set to regulate Uber and Careem with new legislation
2 min read
Sindh Government has been on the toes of ride-hailing companies ever since they entered Pakistan. Back in October, they gave Uber and Careem a week…
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